Analysts Predict Capital One Financial Co. (NYSE: COF) to Announce EPS of $ 4.99
Brokers predict that Capital One Financial Co. (NYSE: COF) will post earnings of $ 4.99 per share for the current fiscal quarter, Zacks investment research reports. Seven analysts made estimates for Capital One Financial’s earnings, with the highest EPS estimate at $ 5.77 and the lowest estimate at $ 3.98. Capital One Financial posted earnings per share of $ 5.05 in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.2%. The company is expected to release its next earnings report on Thursday, October 28.
On average, analysts predict that Capital One Financial will report annual earnings of $ 24.67 per share for the current year, with EPS estimates ranging from $ 23.68 to $ 25.43. For the next fiscal year, analysts predict the company will post earnings of $ 17.75 per share, with EPS estimates ranging from $ 14.22 to $ 23.08. Zacks Investment Research’s EPS calculations are an average based on a survey of sales analysts who follow Capital One Financial.
Capital One Financial (NYSE: COF) last released its quarterly earnings data on Thursday, July 22. The financial services provider reported earnings of $ 7.71 per share for the quarter, beating the Zacks’ consensus estimate of $ 4.78 by $ 2.93. The company posted revenue of $ 7.37 billion in the quarter, compared to a consensus estimate of $ 7.13 billion. Capital One Financial posted a return on equity of 19.07% and a net margin of 37.90%. Capital One Financial’s quarterly revenue increased 12.5% ââyear-on-year. During the same period of the previous year, the company posted ($ 2.21) earnings per share.
A number of brokerage firms have weighed on COF. Jefferies Financial Group increased its price target on Capital One Financial from $ 180.00 to $ 190.00 and gave the stock a âbuyâ rating in a report released on Friday, July 23. Seaport Res Ptn reiterated a “neutral” rating on Capital One Financial shares in a report released on Monday, August 30. Bank of America lowered its price target for Capital One Financial shares from $ 194.00 to $ 190.00 and set a âbuyâ rating on the stock in a research report released on Friday, July 23. Stephens raised his price target on Capital One Financial shares from $ 152.00 to $ 170.00 and gave the stock an “equal weight” rating in a research report on Friday, July 23. Finally, Odeon Capital Group lifted the shares of Capital One Financial from a âsellâ rating to a âholdâ rating and set a price target of $ 148.90 on the stock in a research report on Monday July 19. One investment analyst rated the stock with a sell rating, five issued a custody rating, twelve assigned a buy rating, and one issued a strong buy rating for the stock. According to MarketBeat data, the company currently has a consensus rating of âBuyâ and an average target price of $ 166.27.
In other news from Capital One Financial, an insider Michael slocum sold 53,817 shares of the company in a trade on Tuesday, July 27. The shares were sold for an average price of $ 161.80, for a total value of $ 8,707,590.60. Following the completion of the sale, the insider now directly owns 81,092 shares of the company, valued at $ 13,120,685.60. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which can be accessed via the SEC website. In addition, CEO Richard D. Fairbank sold 218,989 shares of the company in a trade on Tuesday, July 27. The stock was sold at an average price of $ 161.81, for a total trade of $ 35,434,610.09. Disclosure of this sale can be found here. In the past three months, insiders have sold 285,073 shares of the company valued at $ 46,279,480. Insiders own 1.31% of the company’s shares.
Several hedge funds have recently increased or reduced their stakes in the company. Virtu Financial LLC increased its position in shares of Capital One Financial by 914.7% in the second quarter. Virtu Financial LLC now owns 32,359 shares of the financial services provider valued at $ 5,006,000 after acquiring an additional 29,170 shares during the period. Bank of America Corp DE increased its position in Capital One Financial shares by 27.8% in the second quarter. Bank of America Corp DE now owns 8,148,023 shares of the financial services provider valued at $ 1,260,419,000 after purchasing an additional 1,771,101 shares during the period. Sunflower Bank NA purchased a new position in Capital One Financial shares during the second quarter valued at approximately $ 1,417,000. Parametric Portfolio Associates LLC increased its position in shares of Capital One Financial by 2.0% during the second quarter. Parametric Portfolio Associates LLC now owns 1,843,293 shares of the financial services provider valued at $ 285,139,000 after purchasing an additional 35,258 shares during the period. Finally, Sawtooth Solutions LLC purchased a new position in shares of Capital One Financial during the second quarter valued at approximately $ 301,000. Hedge funds and other institutional investors hold 88.51% of the company’s shares.
Shares of FinanciÃ¨re Capital One traded up $ 0.15 during trading hours on Friday, reaching $ 166.17. 2,679,352 shares of the company were traded, against an average volume of 3,155,787. The company has a rapid ratio of 0.89, a current ratio of 0.91 and a debt ratio of 0.55. The company’s 50-day simple moving average is $ 163.86 and its 200-day simple moving average is $ 153.20. Capital One Financial has a twelve month low of $ 67.08 and a twelve month high of $ 177.95. The company has a market cap of $ 74.13 billion, a PE ratio of 6.63, a PEG ratio of 0.30 and a beta of 1.77.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 20. Investors of record on Monday, August 9, received a dividend of $ 0.60. This represents a dividend of $ 2.40 on an annualized basis and a return of 1.44%. This is a positive change from Capital One Financial’s previous quarterly dividend of $ 0.40. The ex-dividend date of this dividend was Friday August 6. Capital One Financial’s payout ratio is currently 41.45%.
About Capital One Financial
Capital One Financial Corp. operates as a financial holding company. The company engages in the provision of financial products and services. It operates in the following segments: Credit Card, Personal Banking and Commercial Banking. The credit card segment provides personal and small business card loans, as well as international card lending activities.
Further Reading: Growth and Income Funds
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [emailÂ protected]
Should you invest $ 1,000 in Capital One Financial now?
Before you consider Capital One Financial, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold … and Capital One Financial was not on the list.
While Capital One Financial currently has a âBuyâ rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here